Northern Trust Co. (NASDAQ:NTRS) Shares Purchased by Truist Financial Corp

Truist Financial Corp boosted its holdings in Northern Trust Co. (NASDAQ:NTRS) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,313 shares of the asset manager’s stock after acquiring an additional 744 shares during the quarter. Truist Financial Corp’s holdings in Northern Trust were worth $1,262,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Y.D. More Investments Ltd boosted its stake in Northern Trust by 118.4% during the 4th quarter. Y.D. More Investments Ltd now owns 249 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Empirical Asset Management LLC bought a new position in Northern Trust during the 4th quarter valued at $33,000. Brooklyn Investment Group boosted its stake in Northern Trust by 51.2% during the 4th quarter. Brooklyn Investment Group now owns 378 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 128 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Northern Trust during the 3rd quarter valued at $48,000. Finally, Friedenthal Financial bought a new position in Northern Trust during the 4th quarter valued at $57,000. 83.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Northern Trust news, insider John Landers sold 900 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.44, for a total transaction of $100,296.00. Following the transaction, the insider now directly owns 7,640 shares in the company, valued at $851,401.60. This trade represents a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jane Karpinski sold 2,262 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $111.33, for a total value of $251,828.46. Following the transaction, the executive vice president now owns 17,236 shares in the company, valued at approximately $1,918,883.88. This trade represents a 11.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,335 shares of company stock worth $3,970,211. Corporate insiders own 0.64% of the company’s stock.

Northern Trust Stock Performance

Shares of Northern Trust stock opened at $110.22 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Northern Trust Co. has a 12 month low of $79.30 and a 12 month high of $114.67. The business has a fifty day simple moving average of $108.02 and a 200-day simple moving average of $101.01. The stock has a market cap of $21.85 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings data on Thursday, January 23rd. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.30. Northern Trust had a return on equity of 13.74% and a net margin of 12.77%. On average, sell-side analysts anticipate that Northern Trust Co. will post 8.27 EPS for the current fiscal year.

Northern Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.72%. Northern Trust’s dividend payout ratio is 30.67%.

Analyst Ratings Changes

Several research firms have recently weighed in on NTRS. The Goldman Sachs Group raised their price objective on Northern Trust from $92.00 to $102.00 and gave the stock a “sell” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Northern Trust from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. StockNews.com lowered Northern Trust from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays raised their price objective on Northern Trust from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, UBS Group raised their price objective on Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Northern Trust currently has an average rating of “Hold” and a consensus target price of $112.58.

Northern Trust Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.